IGL, Genesis Gas signs JV agreement for smart meter manufacturing plant

Indraprastha Gas Limited (IGL) and Genesis Gas Solutions have signed an agreement to form JV for smart meter manufacturing plant. IGL and Genesis Gas will have 51 per cent and 49 per cent stake respectively. The plant will entail an investment of Rs 1.1 billion with the capacity to produce 1 million meters per annum. Besides, it is likely to be operational by April 2024.